Feb 20 2021
The Shell will Establish an Electric Vehicle Charging Station
The increase in demand for electric vehicles is increasing day by day. If you need more evidence of that, take a look at what giant fossil fuel companies like Shell are doing. The company recently stated that oil production and carbon emissions have peaked and now wants to move away from fossil fuels. Peak oil production appears to have occurred in 2019 and will now decline 1 to 2 percent annually. Electric vehicle charging stations are in short supply in the US, so it seems appropriate that Shell is to enter an area that will greatly benefit it immediately. The company claims it will invest about $ 5 billion in developing 500,000 charging stations for electric vehicles by 2025. Currently, the charging network consists of about 60,000 charging points.